Proppant Market - Frac Sand Proppant to Be the Dominant Segment Between 2017 and 2022

Proppant Market is projected to reach USD 9.87 Billion by 2022, at a CAGR of 6.9% between 2017 and 2022. The market is majorly driven by the increasing demand for proppant in hydraulic fracturing of shale gas, tight gas, and coal bed methane.

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Key companies profiled in the proppant market research report are Carbo Ceramics Inc. (U.S.), Saint-Gobain Proppant Inc. (U.S.), JSC Borovichi Refractories Plant (Russia), Yixing Orient Petroleum Proppant Co., Ltd. (China), U.S. Silica Holdings Inc. (U.S.), Hexion Inc. (U.S.), China GengSheng Minerals, Inc. (China), Fairmount Santrol Holdings Inc. (U.S.), Hi-Crush Partners LP (U.S.), Superior Silica Sands LLC, and Mineração Curimbaba Ltda. (Brazil).

Target Audience

  • Proppant Manufacturing Companies
  • Traders, Distributors, and Retailers
  • Raw material SUPPLIERS
  • Commercial R&D Institutes
  • Research Institute, Trade Association, and Government Agencies

By Type:

  • Frac Sand Proppant
  • Resin-coated Proppant
  • Ceramic Proppant

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Read More Context at - https://www.marketsandmarkets.com/PressReleases/proppant.asp

Rising demand for proppant from Asia-Pacific is expected to be a key factor driving the growth of the global proppant market

Asia-Pacific is estimated to be the leading market for proppant. China is estimated to be the largest market and India is projected to be the fastest-growing market for proppant during the forecast period. Australia is the other major country in the Asia-Pacific proppant market. These countries are expected to have large shale gas and coal bed methane reserves. The increasing demand of proppant from the oil and gas industry for hydraulic fracturing application is expected to drive the proppant market in these countries

Based on type, ceramic proppant is estimated to be the fastest-growing segment of the proppant market

Ceramic proppant is estimated to be the fastest-growing type segment of the proppant market. Ceramic proppant is manufactured from sintered bauxite, alumina, kaolin, and magnesium silicate. It can withstand closure pressures up to 15,000 psi, owing to its high strength and complex molecular structure. In addition, it has a consistent size that results in improved porosity and permeability of proppant bed. Hence, ceramic proppant is superior to other types of proppants.